European lawmakers reportedly asked the United Kingdom’s Payment Systems Regulator (PSR) to reconsider its plans to restore a cap on interchange fees that was lifted...
A global banking watchdog introduced new guidelines covering counterparty credit risk (CCR) management. The regulations issued by the Basel Committee on Banking Supervision replace the...
A lawsuit in the United Kingdom alleges that the country’s Financial Conduct Authority (FCA) unfairly “shut out” some small businesses when compensating customers who were...
Mastercard and a consumer advocate reportedly reached an agreement in principle to settle a long-running British lawsuit regarding card fees. The company and Walter Merricks announced...
Great Britain’s financial regulator has reportedly opened the door for Shein to go public there. While not mentioning the eCommerce retailer by name, Nikhil Rathi, chief executive of...
In recent years, digital wallets have become an essential tool for making online payments, but their uses are quickly expanding. In the U.K., nearly half...
The Bank of England aims to develop the ability to lend to non-bank financial institutions (NBFIs). It is doing so to address potential liquidity challenges in...
The United Kingdom’s Financial Conduct Authority launched a consultation on proposals to transfer firm-facing requirements of the Markets in Financial Instruments Directive Organisational Regulation (MiFID...
Worldpay introduced what it called a “first-of-its-kind service” capable of delivering near-instant refunds. The refunds — the speed of which depends on the receiving financial...